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The U.S. Postal Service cut its losses by more than half in its first quarter as mail tied to
the November elections and stronger revenue from holiday-related packages contributed to a better
quarter.

The postal agency, which announced plans to cut back on Saturday deliveries because of financial
problems, lost $1.3 billion in the October-through-December quarter compared with a loss a year ago
of $3.3 billion, officials said yesterday.USPS Chief Financial Officer Joe Corbett said the agency
still expects to face extremely low levels of cash during 2013.